News
(BRAIN) — Eight international cycling companies — Accell, Canyon, Quality Bicycle Products, Rose, Schindelhauer, Schwalbe, Scott, and Trek — have launched an online training course aimed at educating the industry to help reduce greenhouse gas emissions across global supply chains.
OLATHE, Kan. (BRAIN) — Fitness segment sales continue to boost Garmin's growth across all categories as its year-over-year revenue in the third quarter increased 24%.
CARLSBAD, Calif. (BRAIN) — Canyon Bicycles is expanding its service partner network by adding 28 REI Co-op locations. The consumer-direct brand's network already includes 66 independent bike shops in the U.S. and scores of independent service partners in Europe.
OSAKA (BRAIN) — Sales in Shimano's bike-product division were down 12.3% through the first nine months of the year, compared to the same period last year.
LOUISVILLE, Colo. (BRAIN) — TrainingPeaks, an app for coaches and athletes, is moving into virtual cycling with the acquisition of indieVelo. TrainingPeaks is rebranding indieVelo as TrainingPeaks Virtual.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation posted its first year-over-year revenue growth — 1 % — in two years when it released its third-quarter earnings report Tuesday.
NEW YORK (BRAIN) — Mayor Eric Adams this week finalized the city's e-mobility device and battery trade-in program for food-delivery workers.
CRESTON, N.C. (BRAIN) — There will be a 51st year of building bike and motorcycle frames for Steve Garn, but in the early days after the remnants of Hurricane Helene damaged his home and fabrication buildings here nearly a month ago, he had doubts.
STOCKHOLM (BRAIN) — MIPS' year-over-year net sales jumped 61% in the third quarter boosted by growth in the Sports category, which includes bike helmets. The company attributed the growth to inventory levels improving industry-wide.
LONDON (BRAIN) — Rapha Racing LTD’s total revenues totaled 110 million pounds ($139.7 million at January’s exchange rate) in the 12 months that ended Jan. 28, 2024, down 7% percent from the preceding 12-month period and down from 138 million pounds the year before that.
NEW YORK (BRAIN) — Peloton is expanding its third-party retail network further by offering the Peloton Bike+ at 300 U.S. Costco stores and online during the holiday season beginning Nov. 1.
STOCKHOLM (BRAIN) — Thule Group net sales in the third quarter increased 1.4% year-over-year, but its CEO said the North American market continues to lag "with cautious consumers and retailers."
SACRAMENTO (BRAIN) — Gov. Gavin Newsom signed several e-bike bills into law at the end of September, including one that specifically defines what the state considers to be an e-bike in an effort to address concerns about throttle-powered bikes.
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